living trust

noun

Definition of living trust

: a trust that becomes effective during the lifetime of the settlor

called also inter vivos trust

Examples of living trust in a Sentence

Recent Examples on the Web To further complicate matters, a living trust or a will can have provisions that create a bypass trust after someone dies. Liz Weston, oregonlive, 10 Apr. 2022 Dear Liz: My husband and I made a living trust in 2004. Liz Weston, oregonlive, 26 Feb. 2022 Buyers whose names didn't appear to be a person or a family or living trust were categorized as an investor or other entity. Patrick Clark, Fortune, 7 Jan. 2022 Beneficiaries need to be named for assets that avoid probate and aren’t controlled by a living trust. Bob Carlson, Forbes, 3 Sep. 2021 Check your will or living trust and change as necessary. Tom Cooney And Crystal Faulkner, The Enquirer, 12 Oct. 2021 Yet, a living trust has no effect unless it is given legal title to assets. Bob Carlson, Forbes, 27 May 2021 Most assets that aren’t in the living trust go through probate. Bob Carlson, Forbes, 27 May 2021 Ohio Road 21017: donation, no value stated, Janis B. Hazlett to Janis B. Hazlett revocable living trust. NOLA.com, 26 Nov. 2020 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'living trust.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of living trust

1913, in the meaning defined above

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Time Traveler for living trust

Time Traveler

The first known use of living trust was in 1913

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Dictionary Entries Near living trust

livingstonite

living trust

living unit

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Statistics for living trust

Cite this Entry

“Living trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/living%20trust. Accessed 2 Jul. 2022.

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More Definitions for living trust

living trust

Legal Definition of living trust

— see trust

More from Merriam-Webster on living trust

Britannica.com: Encyclopedia article about living trust

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